<ins id="zjv3p"></ins>
<cite id="zjv3p"></cite>
<cite id="zjv3p"></cite>
<cite id="zjv3p"><video id="zjv3p"><menuitem id="zjv3p"></menuitem></video></cite><ins id="zjv3p"><span id="zjv3p"><menuitem id="zjv3p"></menuitem></span></ins><cite id="zjv3p"><span id="zjv3p"><var id="zjv3p"></var></span></cite>

Third Point Re and Sirius Group to Combine


SiriusPoint to be a Top-Tier Global Specialty (Re)Insurer Well-Positioned to Capitalize on Short and Long-Term Market Opportunities

Transaction Expected to be Accretive in First Year After Close
Experienced Insurance Executive Sid Sankaran to be Named SiriusPoint's Chairman and CEO

New Strategic Investment Portfolio Partnership with Third Point LLC


HAMILTON, Bermuda, Aug. 6, 2020 /PRNewswire/ -- Third Point Reinsurance Ltd. (NYSE: TPRE) ("Third Point Re"), a specialty reinsurer, and Sirius International Insurance Group, Ltd. (Nasdaq: SG) ("Sirius Group"), a global multi-line insurer and reinsurer, today announced they have entered into a definitive agreement for Third Point Re and Sirius Group to combine in a cash and stock transaction.

The transformational transaction will create a global company with approximately $3.3 billion of tangible capital,1 to be renamed SiriusPoint Ltd. ("SiriusPoint"), that will be ideally positioned to pursue a range of significant expansion opportunities in the insurance and reinsurance market.

This combination joins two highly complementary businesses with a shared strategic vision to create a leading global company providing insurance and reinsurance solutions to clients and brokers located in almost 150 countries. SiriusPoint will be a diversified company with an attractive business profile and a strong balance sheet.

Third Point Re will finance the transaction through a combination of cash-on-hand; Third Point Re equity issued to Sirius Group shareholders; Third Point Re equity issued to Daniel S. Loeb, CEO and Chief Investment Officer of Third Point LLC, and currently Third Point Re's largest individual shareholder, pursuant to an agreement to purchase approximately $50 million worth of SiriusPoint shares at closing; and if necessary, other debt or equity financing. The transaction is expected to be accretive to earnings per share and return on equity in year one following the close.

Third Point Re's newly named non-executive Chairman of the Board, Siddhartha (Sid) Sankaran, a highly experienced insurance industry executive, will lead SiriusPoint as Chairman and Chief Executive Officer post-closing. He has been a member of Third Point Re's Board since August 2019, is currently the Chief Financial Officer of Oscar Health, and previously served as Chief Financial Officer and Chief Risk Officer of American International Group, Inc. Third Point Re's current CEO, Dan Malloy, will remain a senior underwriting executive of SiriusPoint following the closing.

Mr. Sankaran said: "We are excited to create a powerful new entity that focuses on underwriting first but strives for excellence in its investment results. This transaction further strengthens our reinsurance operations and positions us to enter lines of business with higher risk-adjusted returns to achieve underwriting profitability. Combining with Sirius Group accelerates our continuing objective to deliver consistently strong book value per share growth over the long-term. Our new scale and global platform, diverse franchise, and enhanced financial profile will enable us to provide tremendous value to clients, brokers, and shareholders. I look forward to working with Sirius Group's terrific and dedicated team."


New Strategic Investment Portfolio Partnership with Third Point LLC
SiriusPoint will also have a reconstituted strategic partnership with Third Point LLC, under which SiriusPoint will access a range of products managed by Third Point LLC, including its flagship fund strategy, as well as new and existing fixed-income products. Third Point LLC will also help oversee SiriusPoint's investment portfolio allocation and a diversified range of third-party traditional asset managers to drive enhanced investment returns, while remaining within traditional property/casualty reinsurance investment risk parameters.


Key Transaction Benefits

Anticipated Strategic Benefits

  • Strong global presence and longstanding relationships with clients and brokers, with expanded distribution through Lloyd's, Bermuda, and the United States
  • Refocused underwriting strategies in key U.S. and European (re)insurance markets
  • Superior product capabilities and relationships in Accident and Health (A&H), property, liability, and specialty lines
  • Key partnerships with managing general underwriters (MGUs) for health and travel
  • Experienced management team and a company with a long history and deep roots, focused on shared entrepreneurial culture

Anticipated Financial Benefits

  • Financially attractive transaction for shareholders, with accretion to EPS and return on equity expected in year one following the transaction close
  • Strong capitalization and financial flexibility, with strong regulatory and rating agency capital ratios at close which are expected to grow over time
  • Pro forma tangible capital of approximately $3.3 billion2 and pro forma LTM gross written premiums of $2.5 billion as of June 30, 2020
  • Reduced investment volatility and greater diversification, with investment portfolio composition similar to peer reinsurers at close
  • Greater critical mass and improved access to capital markets to support growth, with diversified investor base


Leadership and Governance
Mr. Sankaran will lead the combined company as Chairman and CEO. Kip Oberting, Sirius Group's President and CEO, will be stepping down from his role at the transaction close.

The SiriusPoint Board of Directors will comprise the current Third Point Re Board at the time of closing, with the addition of two new Board members: Rachelle Keller from Sirius Group and Peter W. H. Tan from CM Bermuda Limited, Sirius Group's current majority shareholder, and an affiliate of CMIG International Holding Pte. Ltd. (together with CM Bermuda Limited, "China Minsheng Investment Group").

In addition, Third Point Re's former Lead Independent Director, Steven Fass, will join the company as Vice Chairman. Mr. Fass is also a former Chief Executive Officer of Sirius Group. He will work closely with Mr. Sankaran and senior members of the Sirius Group team in the integration of the businesses.

Third Point LLC's founder Daniel S. Loeb said, "This transaction fulfills our vision to move Third Point Re up the quality curve by adding diversified insurance lines to our existing business, thus improving returns on capital and reducing insurance volatility, expanding our investment strategy from a single manager model to reduce investment volatility, and creating critical mass to support both internal growth and future acquisitions. I am confident that this transaction will benefit both customers and shareholders of Third Point Re and Sirius."

Meyer (Sandy) Frucher, Non-Executive Chairman of the Board of Sirius Group, said: "This strategic business combination is the result of a lot of hard work and the collaborative efforts of the Sirius Group Board, management team and CMIH and is a win-win for both Sirius Group and Third Point Re. I would especially like to acknowledge and thank Kip Oberting and Gene Boxer for their dedication and tireless efforts to ensure the successful resolution and conclusion of the firm's strategic review process."

Mr. Tan,?Chairman of CMIG International Holding Pte. Ltd., said: "We think this is a terrific outcome that leaves a better, stronger competitor in the market. We are proud to continue as investors."


Terms of the Transaction

  • Sirius Group shareholders will have the ability to elect one of three options as consideration for each of their shares: 1) $9.50 in cash per share; 2) 0.743 of a Third Point Re share and a two-year Contingent Value Right (CVR) which, taken together, guarantee that on the second anniversary of the closing date, the electing shareholders will have received equity and cash of at least $13.73 per share; or, 3) an aggregate of $0.905 in cash, a fraction of a Third Point Re common share, a fraction of a Series A Preference Share of Third Point Re, 0.190 of a 5-year warrant issued by Third Point Re, and $0.905 aggregate principal amount of an upside share instrument issued by Third Point Re.
  • China Minsheng Investment Group, Sirius Group's majority shareholder, has agreed to select the third option and will receive $100 million in cash and approximately 58 million Third Point Re shares in addition to Series A Preference Shares, warrants, and other securities.
  • Based on the closing price of Third Point Re stock on August 5, 2020, the transaction is valued at approximately $788 million.3
  • In addition, Third Point Re shareholders will be protected from up to $100 million of net incremental COVID-19 related losses at Sirius Group incurred in certain circumstances for three years following the closing.
  • China Minsheng Investment Group has also agreed to a 9.9% voting cap and standstill limitations that will eliminate for any historical SiriusPoint stakeholder concerns relating to Sirius Group's governance and access to capital markets.


Approvals and Timing to Completion
The agreement has been unanimously approved by both companies' Boards of Directors. It is subject to approval by shareholders of both companies and customary regulatory approvals. Sirius Group's majority shareholder, CM Bermuda Limited, and its parent company, CMIG International Holding Pte. Ltd., have already entered into a binding agreement to vote in favor of the merger transaction, as has Mr. Loeb, as Third Point Re's largest individual shareholder. Both parties have agreed to a customary lock-up of their shares following the closing.

The transaction is expected to be completed during the first quarter of 2021.


Transaction Advisors
J.P. Morgan Securities LLC is serving as sole financial advisor to Third Point Re; EA Markets LLC is serving as financing advisor. Debevoise & Plimpton LLP is Third Point Re's legal counsel. Barclays Capital Inc. is acting as sole financial advisor to Sirius Group. Sidley Austin LLP and Conyers Dill & Pearman Limited are legal advisors to Sirius Group, with Jenner & Block LLP separately representing the Strategic Review Committee of Sirius Group. Goldman Sachs is acting as exclusive financial advisor to CMIG International Holding Pte. Ltd., and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to CMIG International Holding Pte. Ltd.


Conference Call Details
Third Point Re will hold a conference call to discuss the transaction and its second quarter 2020 results at 8:30 a.m. Eastern Time on August 7, 2020. The call will be webcast live over the Internet from Third Point Re's website at www.thirdpointre.bm under the "Investors" section. Participants should follow the instructions provided on the website to download and install any necessary audio applications. The conference call will also be available by dialing 1-877-407-0789 (domestic) or 1-201-689-8562 (international). Participants should ask for the Third Point Reinsurance Ltd. second quarter earnings conference call.

A replay of the live conference call will be available approximately two hours after the call. The replay will be available on the Third Point Re's website or by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international) and entering the replay passcode 13706089. The telephonic replay will be available until 11:59 p.m. (Eastern Time) on August 14, 2020.


About Third Point Re
Third Point Re is a public company listed on the New York Stock Exchange which, through its wholly-owned subsidiaries Third Point Reinsurance Company Ltd. and Third Point Reinsurance (USA) Ltd., writes property and casualty reinsurance business. Third Point Reinsurance Company Ltd. and Third Point Reinsurance (USA) Ltd. each have an "A-" (Excellent) financial strength rating from A.M. Best Company, Inc.


About Sirius Group
Sirius Group, with $2.4 billion of total capital and roots dating back to 1945, is a global multi-line (re)insurer headquartered in Bermuda with a unique global branch network, including offices in Stockholm, New York and London. Sirius Group provides a fully diversified set of tailored risk products to clients in approximately 150 countries, including health and travel products to consumers through its two managing general underwriters, ArmadaCare and International Medical Group. Sirius Group has been publicly traded on Nasdaq since November 2018. You can learn more by visiting www.shoes-ph.com.


Forward-Looking Statements
Information set forth in this communication, including financial estimates and statements as to the expected timing, completion and effects of the proposed merger between Third Point Re and Sirius Group, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. Such estimates and statements include, but are not limited to, statements about the benefits of the merger, including future financial and operating results, the combined company's plans, objectives, expectations and intentions, and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the management of Third Point Re and Sirius Group and are subject to significant risks and uncertainties outside of our control. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: (1)?the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (2)?the risk that Sirius Group shareholders may not adopt the merger agreement or that Third Point Re shareholders may not approve the stock issuance, (3)?the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated, (4)?risks that any of the closing conditions to the proposed merger may not be satisfied in a timely manner, and (5) the risk that SiriusPoint may not achieve the expected benefits of the transaction. Discussions of additional risks and uncertainties are contained in Third Point Re's and Sirius Group's filings with the Securities and Exchange Commission. Neither Third Point Re nor Sirius Group is under any obligation, and each expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.


Where to Find Additional Information
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication may be deemed to be solicitation material in respect of the proposed merger between Third Point Re and Sirius Group. In connection with the proposed merger, Third Point Re and Sirius Group intend to file a joint proxy statement/prospectus with the SEC. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the proxy statement/prospectus (when available) and other documents filed by Third Point Re and Sirius Group with the SEC at http://www.sec.gov. Free copies of the joint proxy statement/prospectus, once available, and each company's other filings with the SEC may also be obtained from the respective companies. Free copies of documents filed with the SEC by Third Point Re will be made available free of charge on Third Point Re's investor relations website at https://www.thirdpointre.com/investors/. Free copies of documents filed with the SEC by Sirius Group will be made available free of charge on Sirius Group's investor relations website at https://ir.siriusgroup.com/.


Participants in the Solicitation
Third Point Re and its directors and executive officers, and Sirius Group and its directors and executive officers, may be deemed to be participants in the solicitation of proxies from their respective shareholders in respect of the proposed merger. Information about the directors and executive officers of Third Point Re is set forth in its Annual Proxy Statement, which was filed with the SEC on April 27, 2020. Information about the directors and executive officers of Sirius Group is set forth in its Annual Report on Form 10-K, which was filed with the SEC on April 21, 2020. Investors may obtain additional information regarding the interest of such participants by reading the proxy statement/prospectus regarding the proposed merger when it becomes available.



For Third Point Re

Ruth Pachman / Mark Semer
Kekst CNC
ruth.pachman@kekstcnc.com / mark.semer@kekstcnc.com??
+1 (917) 439-3507

Mairi Mallon
+44 7843 067533

Christopher S. Coleman – Chief Financial Officer
+1 (441) 542-3333?


For Sirius Group

Lynda Caravello?


For CMIG International Holding Pte. Ltd.

Brunswick Group
Tim Payne / Jonathan Doorley
+852 6104 6266 / +1 (917) 459-0419

SOURCE Third Point Reinsurance Ltd.
SOURCE Sirius International Insurance Group, Ltd.

1 As of June 30, 2020, excluding transaction adjustments
2 Excluding transaction adjustments
3 Assumes all non-CMIH shareholders elect consideration option 2

View original content:http://www.prnewswire.com/news-releases/third-point-re-and-sirius-group-to-combine-301108186.html

SOURCE Third Point Reinsurance Ltd.; Sirius International Insurance Group, Ltd.

© 2020 Sirius International Insurance Group Ltd. All Rights Reserved.

We and our partners use cookies to ensure that we give you the best experience on our websites and web applications. By continuing without changing your browser settings, you give your consent to receive cookies. However, you can change your browser cookie setting at any time (which may limit the functionality of the web site). Learn more about our use of cookies. >

好男人在线观看 日本三级片 甜美的咬痕被禁的一话 国产亚洲欧美日韩一区 在线萝福利莉18视频 老司机67194精品线观看 97gan 婷婷五月天 四虎最新2019入口地址 国产精品每日更新在线 暴劫柔情在线观看免费 奇米网 极速影院 快猫记录世界纪录你 台湾老 hxc 将军夫人又跑了全文免费阅读全文 韩国三级年轻小的胰子 单身网 毛太多进不去21p 翁熄系列36章 诱人的女老板中文字幕 都市仙尊洛尘最新章节更新 女神的超级赘婿赵旭全文免费阅读 樱桃小视频 女神的超级赘婿赵旭全文免费阅读 kan84 草逼 美女销魂 毛泽东思想和中国特色社会主义理论体系概论 男人和女人特黄的视频 三级片在线 骚虎影视 骚虎影视 艳女伦交 折腰蓬莱客肉肉 bt天堂在线 重生之都市仙尊洛尘最新 致命的你漫画在线观看全集免费 书房宠婢 最新国产在线拍揄自揄视频 亚洲欧洲自拍图片专区 女主重生变娇媚体制最新章节 台湾自拍偷区亚洲综合 手机看片日韩国产欧美 年轻的母亲在线观看 菠萝菠萝蜜视频在线观看 武媚娘免费完整版观看 欧美日韩精品一区二区在线 手机看片国产日韩欧美 快活视频 法克短视频 1717 榴社区 超级全能学生杀猪刀 年轻的姐姐 年轻母亲2 妈妈的朋友7 美女禁区 国产野外无码理论片在线观看 翁熄系列36章 茄子短视频 真人性23式(动) google japan 六漫画-好看的热门漫画 黑米影院 长城小队 亚洲熟伦熟女专区 xing8 水咲ローラ 香港黄页 xiao7 nana在线观看高清视频 333ee 欧美黄色片 一本大道香蕉中文在线视频 洛尘重生之都市仙尊最新章节 欧美色色 青青青国产在线观看免费 久久这里只精品免费6 久草原精品资源视频 中文字字幕在线中文乱码不卡 仙尊归来洛尘最新章节 人妻无奈迎合粗大 小泽玛丽亚 熟女少妇人妻中文字幕 67194在线观看免费无码 日本道专区无码中文字幕 小草在线观看视频免费2019 微拍网 附近的妇女 含蓄草 飞极速在线 一胎双宝总裁大人夜夜欢全文免费阅读小说 高清120秒动态图试看5次 三个未婚妈妈免费观看 《禁止的爱》在线播放 啵乐腐味满满 日本大阪免费wifi 316影院 荷尔蒙电影网在线观看 磁力天堂在线 free性欧美极度另类 同性男黄网站 榴社区 closeup毛茸茸pics大全 尖湿锐尤早期图片 玉米视频 亚洲超清中文字幕无码 uoco 寡妇和大狼交 十分钟在线观看视频 japonensis日本java 成l人在线观看线路1 年轻的小婊3中文字 柠檬tv 我的美女房东免费观看 身为人母电影在线观看 蝶恋直播app 皮特影院 男人a天堂2814 henhenlu 国产香线蕉手机视频在线观看 年轻的母亲 重生之都市仙尊洛尘 琉璃免费观看电视剧全集54 将军夫人又跑了 神马电影院 抖阴下载 超级女婿赵旭李晴晴全文免费阅读 龚玥菲版新梅瓶在线观看 新世界影院在线观看免费 67194成l人在线观看线路 日本一区二区 欧美顶级情欲片 2020国自产拍精品网站 猫扑两性 啵乐官方网站入口链接 秋葵视频丝瓜视频 亚洲一日韩欧美中文字幕在线 啵乐腐味满满 久草原精品资源视频 叶凡秋沐橙 大香伊在人线免 北岛玲 97gan 汤姆叔叔的小屋 熟女少妇人妻中文字幕 美女114 破外女出血在线视频高清在线 秋霞电影网午夜免费鲁丝片 任你躁在线精品免费 prohub官网入口 淘气天尊博客新浪 同房交换4p好爽 武媚娘免费完整版观看 佛山房价 丰满岳乱妇 最早采用人工呼吸方法救人的医学家是 丰满岳乱妇 真人性23式(动) 东京hot 毛太多进不去21p 斗罗大陆免费看 艾草仙姑在线播放 一线高清视频观看在线 苏若雪沈浪刚刚最新更新 仙尊归来洛尘最新章节 4399电影在线观看 叶君临李子染小说全文免费阅读 纯黄情欲小说 恋爱妄想中 亚洲一日韩欧美中文字幕在线 尖湿锐尤早期图片 色豆网 一路向西在线观看 斗罗大陆免费看 cba直播在线观看高清 免费可以看污的完整视频网 年轻的小婊3中文字 附近的妇女 婷婷五月天 佛山房价 最强医圣沈风 meiguoshici 250qq 父爱如山动漫 色五月 香蕉一本大道中文在线 青春草在线视频免费观看 中国黄页大全 浪货两个都满足不了你 叶凡秋沐橙小说笔趣阁 17173魔兽世界 免费99精品国产自在现线 女主重生变娇媚体制 成事在人电影免费观看 永恒国度 偷偷藏不住 最佳情侣手机在线视频 啵乐app下载 中国黄页大全 致命的你漫画在线观看全集免费 黑白配视频在线观看 父爱如山动漫 重生之都市仙尊洛尘最新 8个征兆说明你怀孕了 xiao7 天狼影院 美国神婆星座网 娇艳都市未删减小说 叶凡秋沐橙免费阅读 未成年网 青青青国产在线观看免费 艾玛影院官网 tiantiangan 小草在线观看视频免费2019 国产在线视精品在亚洲 2046电影未删减版在线观看 韩漫无羞遮漫画免费观看 q友乐园头像 教官在我两腿间疯狂肆虐 baoyu.tv 小草在线观看视频免费2019 高清一本dvd 偷偷藏不住 八佰电影免费高清完整版在线观看 在线不卡日本v二区三区18 淘气天尊新浪博客 热热色 美女禁区 好吊妞 将夜免费神马影院影视 亚洲丰满熟妇在线播放 性欧美欧洲老妇 青梅娇嫩h 顾轻舟 另类专区av无码 附近人妇女 向日葵视频污 烈火动漫 受委屈离家出走被惩罚 大黄页 小玲和她的公全文阅读 青青河边草新视频免费观看 樱花直播下载app最新版 国产第一页 最好看的2019中文字幕 mdyd-754 将军夫人又跑了全文免费阅读 成 人免费视频免费观看 可播放欧美同性freebest free性欧美极度另类 青青河边草免费观看 age动漫官方下载 情欲满载 神都猛虎岳风小说免费 28岁未成年免费完整版电影 重生之都市仙尊洛尘 四虎最新2019入口地址 最佳情侣手机在线视频 男生的蛋蛋为什么总是潮湿的 手机看片国产日韩欧美 顾轻舟司少帅免费阅读完整版百度小说 最新四色米奇影视777在线看 拍摄指南 小老弟影院 cba直播在线观看高清 汤姆叔叔 国产精品每日更新在线 蘑菇视频 玖玖热 将军夫人又跑了全文免费阅读 bbox撕裂bass 磁力天堂樱桃bt bt磁力猪 酒色世界 35pao 无尽长廊污的 最好看的2018中文字幕 放纵的青春期全文阅读1下载 烈火动漫 亚洲一日韩欧美中文字幕在线 老扒夜夜春宵全文小说 秋霜在线观看高清视频 最强医圣林奇完整版 8个征兆说明你怀孕了 欧洲攻略视频免费观看 纯黄情欲小说 中文字幕 人妻熟女 人与性 附近人妇女 偷偷藏不住新婚番外 星辰影院 草柳 磁力天堂樱桃bt 将夜免费神马影院 十分钟在线观看视频 最好的中文字幕视频 书房宠婢 sezhan 原始的冲动 koogay 六漫画 影视大全在线观看免费观看 yy11111光电影院手机版 日本一区二区 35pao bt磁力搜索天堂 laoyawo 珠海电信网上营业厅 小草免费观看在线播放 趣书网 柠檬网络电视tv 第一精品福利导福航 17173官网 艾草仙姑 台湾老兵 手机看片国产日韩欧美 青青青国产在线观看免费 8个征兆说明你怀孕了 97gan 单亲互相满足性需求 黄频 司行霈进入顾轻舟 啵乐漫画app官网 白洁被双飞 木瓜网 maya论坛 得了霉菌一辈子就完了 最佳情侣手机在线视频 凌依然易谨离小说全文阅读的小说 小草观看免费播放2019 中文字幕第一页 洗衣屋 maomiav 六漫画-免费漫画 黄网大全 久青草视频免费视频 春梦记高清完整版 最新国自产拍在线播放 三十熟女 八百电影在线高清免费观看完整版 8个征兆说明你怀孕了 诱人的女老板中文字幕 2020最新国产自产在线不卡 战狼影院 快猫下载 蝶恋花直播app最新版下载 欧美日韩亚洲中字二区 男人和女人特黄的视频 日本一区二区 中文字幕大香视频蕉免费 磁力链bt磁力天堂 郑艳丽 神之一手2鬼手 一本大道香蕉中文在线视频 黑米影院 sezhan 大伊香蕉精品视频在线 莎翁情史 11sasa 教授不可以全文 艾草仙姑 日本乱偷中文字幕 秋霜在线观看高清视频 拍摄指南txt百度云全本 岳风柳萱更新最快 17173游戏网 国产香线蕉手机视频在线观看 善良的小峓子2 中文字幕第一页 珠海电信网上营业厅 anquye 可以免费观看的av毛片 免费任你躁国语自产在线播放 亚洲久久综合爱久久 久青草视频免费视频 本草中国免费观看完整版 将军夫人又跑了小说 六漫画-好看的热门漫画 laoyawo 最早采用人工呼吸方法救人的医学家是 高清一本dvd 香蕉伊思人在钱 破外女出血在线视频高清在线 亚洲 欧洲 日产 韩国 久久婷婷五月综合色 成l人在线观看线路1 附近的人妇女 哔咔漫画app下载 一路向西在线观看 一看就舒心的图片 台湾老兵 蓝色导航 宫崎骏的所有作品电影 农门长姐有空间 三级片在线 hxc 快猫下载 chinses中国女人china 烈火动漫 717电影网 寂寞书屋 重生之都市仙尊洛尘最新更新 62fan 天狼影院手机版 啵乐官方网页 国产精品嫩草影院 抖阴下载 大团圆结局全文阅读 被夫好友侵犯中文字幕影音 purnhurb官网是什么 人本风流 17173dnf专区 试看二十分钟视频视频有声 仙尊归来洛尘 黄频 飞极速在线 保险女王 哔咔漫画app下载 8x8x海外华人首页 在线录播 国产亚洲日韩在线播放不卡 玉米视频 快猫视频 橘子视频 甜蜜暴击动漫未删减 老湿免费48福利体检区 香蕉伊思人在钱 手机看片日韩国产欧美 春梦记高清完整版 小草在线观看视频播放免费 破外女出血在线视频高清在线 第一精品福利导福航 菠萝菠萝蜜播放观看在线视频 国产野外无码理论片在线观看 叶凡秋沐橙免费阅读 性欧美欧洲老妇老太 汤姆视频 国产野外无码理论片在线观看 仙尊归来洛尘最新章节 平民影院 都是仙尊洛尘免费阅读 五月天婷五月天综合网 亚洲自偷自拍另类 天堂资源最新版在线 free性欧美极度另类 亚洲自偷自拍另类 亚洲五月综合自拍区 久久免费视频 国产 学生 国产女合集第六部 都市情缘2795章全文阅读 毛太多进不去21p 妈妈的朋友2 香蕉一本大道中文在线 500篇短篇合免费阅读 欧式个人写真 国产毛片农村妇女系列bd版 成事在人电影免费观看 狼人香蕉香蕉在线28 - 百度 佛山买房 6080yy电影在线看 国产在线视精品在亚洲 graphis下载 欧式个人写真 japonensis日本java 6080yy电影在线看 免费黄色片 s8视频 日本道专区无码中文字幕 大香伊在人线免 教室调教张腿坐讲台 丰满岳乱妇 另类专区av无码 祖女三代共侍一夫小说 我本港岛电影人 穿越民国泡尽美人 如此可爱的我们电视剧免费观看 赠我予白可以在哪里看 破膜后高清图 我就是王一彤 三级片在线 最佳磁力引擎磁力天堂 老扒夜夜春宵全文小说 沈风最强医圣最新章节 中文字幕乱码免费 木瓜网 教授不可以全文 bt磁力猪 慈禧的秘密生活 香蕉人人超人人超碰超国产 日本高清视频在线一本视频 月光影视在线观看 猪蜜蜜电视剧大全 爱琴海论坛视频播放二 手机黄页 久久视频 淘气天尊新浪博客 国产香线蕉手机视频在线观看 向日葵视频app 蝴蝶论坛 欧美顶级情欲片 age动漫 sebo 真人做人试看120分钟 黄页88网 欲望妹妹 鲁青青 月光影视在线观看 qimi 免费的黄色网站 我的美女房东免费观看 土豆app社交 薰衣草视频高清在线观看 凌依然易谨离小说阅读全文免费阅读 寂寞书屋 揉着她两个硕大的乳球 年轻的姐姐 两个人的视频全免费观看 2020最新国产自产在线不卡 人妻日本三l级香港三级 黑白配高清视频 成事在人电影免费观看 国产亚洲欧美日韩一区 jiuse 苦瓜网 蝴蝶论坛 暖暖日本免费播放 斗罗大陆免费观看完整版在线观看 72种性姿势真人示范 向日葵视频app 啵乐漫画app官网 亚洲自偷自拍另类 欧美色视频日本片免费 人间情缘 黄频 郑艳丽 黑米影院 顾轻舟 斗罗大陆免费看 小草在线影院观看在线播放 菠萝菠萝蜜免费影院 佛山 免费又色又爽又黄的视频 柠檬网络电视tv 附近的妇女 攵女乱h 亚洲丰满熟妇在线播放 jizzjizz 在线精品自偷自拍 欧美日韩无线码免费 bt磁力搜索天堂 微拍网 三浦惠理子 佛山市公安局 在线不卡日本v二区三区18 avtt 天狼影院 妈妈的朋友2 我就是王一彤 中国雅虎 闪闪电影院 赠我予白 欧美videosgratis杂交 善良的小峓子2 女人本色高清视频 快喵app下载官网 日本樱花服务器 高挑人妻无奈张开腿 黃色大片完整版免費 亚洲一日韩欧美中文字幕在线 肥肉 小说 在线观看精品国产福利片 猪猪视频 人间情缘 亚洲色tu 韩国网站 老扒夜夜春宵第二部的 香蕉伊思人在钱 百世汇通快递查询输入号码查询 偷偷藏不住新婚番外 中文字幕乱码免费 啦啦啦视频在线观看视频 琉璃免费观看电视剧全集 青春草在线视频免费观看 google japan 幸福花园 国产 日产 欧美最新 住在隔壁的人免费观看中文版 西西gogo高清大胆专业 久久水蜜桃网国产免费网 黄网大全 熟女少妇人妻中文字幕 肉超级多的糙汉文 宫崎骏的所有作品电影 五十路 肥肉 小说 最大胆人体艺术图片 翁与小莹最新大结局 春意影院 国产精品每日更新在线 抖阴下载 神都猛虎岳风小说免费 2345影视大全 老鸭窝 大胸年轻继坶在线播放 樱花视频 苏若雪沈浪刚刚最新更新 yh8.live樱花直播下载 啵乐官方网页 第一精品福利导福航 purnhurb官网是什么 年轻母亲4 沈风最强医圣最新章节 第一精品福利导福航 在线免费 狼客网 最好看的2019中文字幕 bbox撕裂bass baoyu.tv 含蓄草 六漫画-免费漫画 free性欧美极度另类 朋友的尤物人妻 8个征兆说明你怀孕了 yy8098影视理论 幸福花园 365dni 斗罗大陆之唐三征服比比东 nana在线观看免费 年轻的小婊3中文字 澳洲乱世情完整版免费 热久久视久久精品2019 日本无码一区 日本二手网站 奇优 6080yy 免费99精品国产自在现线 快猫下载 荷尔蒙电影网在线观看 朋友换娶妻2完整版 岳风柳萱刚刚更新 无码精品 日韩专区 火车上爱爱好爽好刺激 五月婷婷 freshman中学 国内少妇高清露脸精品视频 51gan 久久视频 大黄页 艾草仙姑在线播放 人妻日本三l级香港三级 如此可爱的我们电视剧免费观看 五色天 一路向西在线观看 graphis下载 爸爸的朋友 男生的蛋蛋为什么总是潮湿的 yy11111光电影院手机版 vultr美国与日本 暖暖日本免费播放 亚洲中文字幕永久在线 啵乐网页链接 老子影院 小草在线影院观看在线播放 艳女伦交 污动漫 鲤鱼乡 试看二十分钟视频视频有声 semaomi 皮肤黄适合穿这6个颜色 高清录播服务器 甜蜜暴击动漫未删减 一品道门免费视频日本 在线录播 一路向西在线 欲望妹妹 翁与小莹最新大结局 含蓄草 欧美大胆无码视频 bt天堂www 野花在线观看 色五月 在线爱 护士夜夜春宵 六漫画 斗罗大陆免费观看 欧洲攻略视频免费观看 三个未婚妈妈免费观看 顾轻舟司行霈小说全文 age动漫 qq头像q友乐园 淘气天尊博客新浪 暴劫柔情在线观看免费 治早迣简单快速的方法 姐姐的朋友 高昌王妃 抖阴下载 色咯咯 岳风柳萱刚刚更新 都市洛尘最新章节更新 一品道门在线播放 亚洲一日韩欧美中文字幕在线 q友乐园 附近人妇女 在线录播 毛泽东思想和中国特色社会主义理论体系概论 62fan 浪货两个都满足不了你 sg99.xy丝瓜视频 琉璃免费观看电视剧全集54 秋霜在线观看高清视频 99热这里只有精品国产 小鬼翔太 小草视频免费观看视频 洛尘重生之都市仙尊 小草在线影院观看在线播放 烈火军校免费观看完整版看全集 8x8x海外华人首页 chenren 单身网 叶凡秋沐橙免费阅读 316影院 祖女三代共侍一夫小说 人妻合集500章 最好看的2018中文字幕 豪婿韩三千刚刚更新最新章节 善良的小峓子2 阿娇与冠希13分钟无删减视频 熟女少妇人妻中文字幕 国产精品每日更新在线 小草视频免费观看视频 laoyawo 小草在线影院观看在线播放 maomiav 粉色视频入口 洛尘最新更新章节列表 cba直播在线观看高清 最里面大牙旁边肉肿了 51avi 青青河边草新视频免费观看 武媚娘免费完整版观看 祖女三代共侍一夫小说 女人本色高清视频 放纵的青春期全文阅读1下载 a级片 日本laurenphilips 薰衣草高清视频在线观看 昆虫记每章节内容概括 可播放欧美同性freebest 甜蜜暴击动漫未删减 汤姆高清影院 在线爱 高清视频录播服务器器 治早迣简单快速的方法 陈扬绝世高手今日更新 无尽长廊lol王者荣耀 八佰电影免费高清完整版在线观看 天堂俺去俺来也www色官网 秋霞电影网午夜免费鲁丝片 日本高清视频在线一本视频 天堂俺去俺来也www色官网 磁力天堂 07bbb 啦啦啦免费高清在线视频 同性男黄网站 司行霈疯狂的要顾轻舟 免费精品国自产网站 79电影网 哔咔漫画app下载 波多野结衣在线观看 色妞基地 贾二虎 快猫视频 年轻的母亲在线观看 啵乐腐味满满 爱情鸟在线观看视频 bt天堂在线 1268章都市情缘完整版 皮特影院在线观看 朋友的未婚妻 japanesemature高清 35pao 猪猪视频 秋霞电影网午夜鲁丝片无码 女儿的朋友 都市仙尊洛尘最新章节更新 被窝里的公憩第26章 韩三千最新章节更新 偷偷藏不住新婚番外 真人性23式(动) 被夫好友侵犯中文字幕影音 狠狠狠的在啪线香蕉亚洲 秋霞电影网鲁丝片无码2020 亚洲2020天天堂在线观看 抖阴下载 高清一本dvd 佛山买房 欧美大胆无码视频 午夜短视频在线观看 07bbb 日本laurenphilips 台湾自拍偷区亚洲综合 家庭教师动漫免费观看 试看二十分钟视频视频有声 五月天婷五月天综合网 一一影视网 202z 爱琴海论坛视频播放二 野画集漫画啵乐 琉璃免费观看电视剧全集54 成l人在线观看线路1 叶凡秋沐橙小说笔趣阁 中文字幕大香视频蕉免费 影视大全在线观看免费观看 伊人色爱久久综合网 仙尊归来洛尘 春意影院 看书的网站 久草原精品资源视频 樱桃小视频 67194线路1(点击进入) 住在隔壁的人免费观看中文版 慈禧的秘密生活 tiantiangan 28岁未成年免费完整版电影 浪货两个都满足不了你 烈火动漫 97gan 秋霞电影网午夜免费鲁丝片 幸福花园 小草免费观看在线播放 bt天堂在线 艾草仙姑 2046电影未删减版在线观看 大黄页 香蕉一本大道中文在线 樱桃小视频 穿越民国泡尽美人 快猫视频 白洁孙倩 杨贵妃秘史 2345影视大全 2012中文字幕一页 欧美色视频日本片免费 可以免费观看的av毛片 绝望的主妇未删减 最佳磁力引擎磁力天堂 拍摄指南 黑米影院 麻豆传媒视频 顾轻舟 狠狠狠的在啪线香蕉亚洲 欧美黄色片 菠萝菠萝蜜播放观看在线视频 污动漫 国产香线蕉手机视频在线观看 亚洲自偷自拍另类 亚洲自偷自拍另类 id002 日本一区二区 高清一本dvd 烈火军校免费观看完整版看全集 曹留社区2019地址 青青河边草新视频免费观看 美女114 致命的你漫画在线观看全集免费 nana在线观看高清视频 翘着光屁股趴在办公室 狠狠狠的在啪线香蕉亚洲 新婚张燕被两个局长 国产在热线精品视频99 穿越民国泡尽美人 破外女出血在线视频高清在线 同性男黄网站 短文集合 国产香线蕉手机视频在线观看 未成年网 国产精品视频每日更新 日本三级片电影 绝世高手陈扬最新更新章节 伊人色爱久久综合网 奇优 中国雅虎 色色影院 得了霉菌一辈子就完了 99re8热视频这在线视频 妈妈的朋友4 洛尘免费阅读最新章节 菠萝蜜官网 久草原精品资源视频 王者归来洛天 月光影视在线观看 新天堂2 精品国产自在天天线2019 附近人妇女 治早迣简单快速的方法 磁力天堂在线 麻豆传媒视频 另类专区av无码 永恒国度 征兵网 chengren 青青河边草新视频免费观看 婷婷五月在线精品免费视频 美女性爱 三级网 王者归来洛天 北岛玲 4399电影在线观看 台湾自拍偷区亚洲综合 2020必看电影排行榜前十名 飞极速在线 长城小队 同房交换4p好爽 老八吃屎的视频 我的年轻漂亮继坶 平民影院 prohub官网入口 洗衣屋 偷偷藏不住.txt百度云 木瓜网 欧美色视频日本片免费 717电影网 老子影院 狼客网 身为人母电影在线观看 朋友的未婚妻 顾轻舟小说 国产精品每日更新在线 在线录播 斗罗大陆免费观看 青青河边草免费观看 漂亮女人在线全集免费 啵乐app 十八以下岁女子毛片 喝茶影院 高清120秒动态图试看5次 磁力天堂樱桃bt graphis官网 28岁未成年在线播放电影 bbox撕裂bass 禁止的爱善良的小在线观看 男同视频 正文第087章两女双飞下 熟女少妇人妻中文字幕 单身网 绝色美艳尤物胯下娇吟 closeup毛茸茸pics大全 陈扬绝世高手今日更新 青青河边草免费观看2019 google japan 蝶恋直播app 8个征兆说明你怀孕了 啵乐app age动漫官方网 车祸变傻的妈妈让我爱 新婚娇妻宠上瘾 身为人母在线观看免费 菠萝视频香蕉视频 杂烩大乱炖目录 六漫画 正文第087章两女双飞下 美女性爱 可以免费观看的av毛片 wuwubox 农门长姐有空间 磁力天堂樱桃bt 快猫下载 2012中文字幕电影 koogay 大黄片 欧美色色 51gan 国产在线亚洲精品观看不卡 chinses中国女人china 如此可爱的我们免费观看 暖暖日本免费播放 都市情缘2795章全文阅读 水咲ローラ 亚洲 欧洲 日产 韩国 三个未婚妈妈免费观看 新婚张燕被两个局长 国产香线蕉手机视频在线观看 快猫下载 菠萝菠萝蜜播放观看在线视频 xiao7 chengren 年轻的母亲在线观看 又黄又湿又免费的视频 国产野外无码理论片在线观看 graphis图片 附近人妇女 阴道特写 奇优 附近的人妇女 善良的小峓子2 在线萝福利莉18视频 一路向西在线
<蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <文本链> <文本链> <文本链> <文本链> <文本链> <文本链>